General News

October 25, 1999 RALEIGH, N.C. – Highwoods Properties Inc. (NYSE:HIW) received a $188 million fixed-rate mortgage from an affiliate of Aegon USA Realty Advisors Inc.The loan, which carries a fixed-rate of 7.82 percent, matures in 2009. It is backed by...

October 25, 1999?3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$18.2 mln$12.6 mln$52.7 mln$29.6 mlnFFO/shr (diluted)$0.58$0.48$1.68$1.43Net Income$8.1 mln$7.8 mln$24.7 mln$16.6 mlnNet/shr$0.33$0.33$1.02$0.91Revenue$54.7 mln$39.8 mln$152.1 mln$95.2 mlnShrs outst.26.6 mln26.4 mln26.6 mln20.6 mln

October 25, 1999Bank of Montreal adds 150 jobsThe National Post, October 24MONTREAL – The Bank of Montreal is hiring 150 across the country for its mortgage and commercial lending operations. Click Here to View Full StoryWestJet plans new HeadquartersThe National...

October 25, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$72.1 mln$68.6 mln$213.7 mln$155.9 mlnFFO/shr (diluted)$0.50$0.46$1.46$1.33Net Income$71.3 mln$57.7 mln$170.9 mln $130.5 mlnNet/shr$0.46$0.36$1.11$1.04Revenue$168.8 mln$158.5 mln$493.3 mln$351.4 mlnShrs outst.145.5 mln150.6 mln146.6 mln117.5 mln

October 25, 1999Two firms to compete for developmentOrlando Sentinel, October 23ALTAMONTE SPRINGS, Fla. – Crescent Resources Inc. and Duke-Weeks Realty Corp. have submitted bids to build an extension of Maitland Center in Altamonte Springs. The two office developers will compete...

October 25, 1999 LOS ANGELES – The Bentley Forbes Group LLC paid $13 million, or $35/sf, for an office/industrial property in Princeton, Ind.Bentley Forbes is leasing the property back to its seller, Distribution Services Ltd., under a triple-net bond-type lease...

October 25, 1999 Reckson Associates Realty Corp. (NYSE:RA) has filed a Form 8-K with the SEC. The filing details purchase and sales agreements of recent transactions.

October 25, 1999 H&R REIT (TORONTO:HR_u.TO) provided C$35 million ($23.7 million) of mezzanine financing for a 465,000-square-foot office complex that is being developed in Toronto. The property, which will cost $110 million to build, will be occupied by Bell Mobility...

October 25, 1999 WASHINGTON – National Association of Real Estate Investment Trusts has re-elected Samuel Zell as chairman. Zell, chairman of Equity Office Properties Trust, Equity Residential Properties Trust and Manufactured Housing Communities, was re-elected to his NAREIT post, as...

October 25, 1999  3rd-Qtr 993rd-Qtr 989-mos 999-mos 98FFO$27.1 mln$24.4 mln$78.0 mln$71.8 mlnFFO/shr (diluted)$1.01/shr$0.91/shr$2.91/shr$2.68/shrNet Income$14.6 mln$14.3 mln$42.3 mln$40.3 mlnNet/shr$0.54/shr$0.53/shr$1.57/shr$1.50/shrRevenue$58.4 mln$50.0 mln$169.5 mln$145.7 mlnShrs outst.26.9 mln26.8 mln26.9 mln26.8 mln